Blok Masela Gas Field in Maluku Set for Groundbreaking After Years of Delay
The Blok Masela gas project in Maluku, Indonesia, is set to begin groundbreaking in the coming months after years of stagnation, as confirmed by Finance Minister Purbaya Yudhi Sadewa. The project requires an investment of approximately US$20.94 billion and aims for operations to commence by 2029, producing 9.5 million tons of LNG annually. Recent technical studies on Carbon Capture Storage have been completed, ensuring the project's readiness for the Front-End Engineering Design phase.
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The Blok Masela gas project in Maluku, Indonesia, is anticipated to start groundbreaking within months after being stalled for years. Finance Minister Purbaya Yudhi Sadewa noted that acceleration in the project process followed plans to discuss its status in a bottlenecking committee.
The project, requiring an estimated investment of US$20.94 billion, is expected to begin operations by 2029, producing 9.5 million tons of LNG per year. Recent technical studies on Carbon Capture Storage have been finalized, paving the way for the Front-End Engineering Design phase.
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